Testing Trust: Judge orders $4M+ forfeiture against San Antonio fraud defendant
A federal judge in San Antonio ordered a business affiliate of two Lubbock financial advisers accused of running a multi-million-dollar Ponzi scheme to forfeit over $5 million to the federal government.
By By Shaley Kidwell·1 hr ago
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LUBBOCK, Texas (KCBD) - We have an update in our ongoing KCBD Investigates series Testing Trust.
Two Lubbock financial advisers, Joshua Allen and Michael Cox, are accused of running a multi-million-dollar Ponzi scheme.
And now their business affiliate has been ordered to forfeit more than $5 million to the federal government.
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